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Use the following to answer question:
-(Figure: The Demand and Supply of Wheat) Use Figure: The Demand and Supply of Wheat.If there is an increase in demand of 2,000 bushels per period at each price,the equilibrium price and quantity will be _____ and _____ bushels per period,respectively.
Retailer
A business or person that sells goods to the consumer, as opposed to a wholesaler or supplier.
Retailer-sponsored Cooperative
A group of independent retailers who collectively purchase goods, share marketing efforts, and distribution channels to compete with larger chains effectively.
Service-sponsored Retail System
A retail network established by a service provider to sell or distribute its services directly to consumers.
Administered Cooperative System
A system where a central agency coordinates the activities of a group of cooperative entities, ensuring efficiency and uniformity in operations.
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